Dimensional Fund Advisors LP Acquires 398,769 Shares of GCI Liberty, Inc. - Series C GCI Group $GLIBK

Key Points

• Dimensional Fund Advisors increased its GLIBK holdings by 36.1% in the first quarter, adding 398,769 shares to reach 1.50 million shares valued at approximately $56 million, or 4.21% of the company.
• Analyst sentiment remains cautious: Zacks upgraded the stock to “hold,” while Weiss Ratings maintained a “sell” rating; MarketBeat reports an overall average rating of “Reduce.”
• GLIBK opened at $23.17, near the lower end of its 52-week range, after the company reported quarterly EPS of $0.45—well below the $1.21 consensus estimate. CEO Ronald A. Duncan separately purchased 65,000 shares at an average price of $21.04.

Dimensional Fund Advisors LP lifted its holdings in GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Free Report) by 36.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,504,923 shares of the company's stock after acquiring an additional 398,769 shares during the period. Dimensional Fund Advisors LP owned 4.21% of GCI Liberty, Inc. - Series C GCI Group worth $55,996,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GLIBK. Quarry LP bought a new stake in GCI Liberty, Inc. - Series C GCI Group in the third quarter worth $30,000. FNY Investment Advisers LLC purchased a new position in GCI Liberty, Inc. - Series C GCI Group during the 4th quarter valued at $33,000. Fifth Third Bancorp purchased a new stake in GCI Liberty, Inc. - Series C GCI Group in the first quarter worth $38,000. Highlander Partners L.P. purchased a new stake in GCI Liberty, Inc. - Series C GCI Group in the fourth quarter worth $63,000. Finally, State of Wyoming bought a new stake in shares of GCI Liberty, Inc. - Series C GCI Group during the fourth quarter worth $73,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GLIBK. Zacks Research upgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings downgraded shares of GCI Liberty, Inc. - Series C GCI Group from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, GCI Liberty, Inc. - Series C GCI Group has an average rating of "Reduce".

GCI Liberty, Inc. - Series C GCI Group Stock Up 0.6%

NASDAQ:GLIBK opened at $23.17 on Friday. The company's 50 day moving average is $21.87 and its two-hundred day moving average is $30.97. The company has a market cap of $830.64 million and a PE ratio of -2.16. GCI Liberty, Inc. - Series C GCI Group has a twelve month low of $19.30 and a twelve month high of $41.17. The company has a current ratio of 3.31, a quick ratio of 3.31 and a debt-to-equity ratio of 0.61.

GCI Liberty, Inc. - Series C GCI Group (NASDAQ:GLIBK - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.76). GCI Liberty, Inc. - Series C GCI Group had a positive return on equity of 12.74% and a negative net margin of 31.47%. Analysts anticipate that GCI Liberty, Inc. - Series C GCI Group will post 3.36 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ronald A. Duncan purchased 65,000 shares of the company's stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average price of $21.04 per share, for a total transaction of $1,367,600.00. Following the purchase, the chief executive officer owned 42,516 shares in the company, valued at $894,536.64. This trade represents a -289.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

About GCI Liberty, Inc. - Series C GCI Group

GCI Liberty Inc is an American holding company whose principal operating asset is a majority ownership interest in General Communication Inc, the largest integrated telecommunications provider in the state of Alaska. GCI Liberty was formed in December 2019 as a tracking stock of Liberty Interactive Group to hold certain communications and digital media investments. Its shares trade on the NASDAQ under the ticker symbol GLIBK.

Through its subsidiary, the company delivers high-speed broadband internet, cable and direct-to-home video distribution, fixed voice, and mobile wireless services to residential customers across Alaska.

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